Promotion Equity Grant Sample Clauses

Promotion Equity Grant. Executive shall receive a one-time award in the amount of One Hundred Thousand Dollars ($100,000.00), comprised of a combination of Restricted Stock Units and will vest on the day following the third anniversary of the effective date of your promotion. Following the Start Date, Executive will be provided with a Hill-Rom Holdings, Inc. award agreement providing the terms and additional details regarding Executive’s one time award.
Sample 1Sample 2
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Promotion Equity Grant. Subject to approval by the Committee, Employee shall be eligible for a promotional long-term incentive awards granted under the Omnibus Plan in the form of (i) performance stock units, with respect to 60,000 shares of Company common stock (the “Promotion PSU Award”) and (ii) restricted stock units, with respect to 40,000 shares of Company common stock (the “Promotion RSU Award”). The Promotion PSU Award shall be earned and shall vest and become payable in three equal increments upon the attainment of each applicable Stock Price Hurdle (as defined below) during the five-year performance period, commencing on the grant date (the “Performance Period”), with vesting further subject to Employee’s continued service with the Company or an Affiliate through the four-year anniversary of the grant date and the terms and conditions of the Omnibus Plan and applicable award agreement. For purposes of the Promotion PSU Award, a “Stock Price Hurdle” shall be attained upon the rolling weighted average closing price of the Company’s common stock equaling or exceeding each of $35.00, $50.00, and $65.00, in each case, for at least ninety (90) consecutive trading days (i.e., determined based on the closing daily stock price times the volume of trading for the applicable trading day). For the avoidance of doubt, in the event the applicable Stock Price Hurdle is not achieved during the Performance Period, then the portion of the Promotion PSU Award attributed to such Stock Price Hurdle shall be forfeited for no consideration. The Promotion RSU Award shall xxxxx xxxx on the four-year anniversary of the grant date, subject to Employee’s continuous employment with the Company or an Affiliate through such vesting date and the terms and conditions of the Omnibus Plan and the applicable award agreement. Notwithstanding anything in this Agreement to the contrary, the treatment of the Promotion PSU Award and Promotion RSU Award in connection with Employee’s ​ ​ ​ ​ ​ ​ termination of employment shall be governed by the award agreement for the Promotion PSU Award and Promotion RSU Award, as applicable.
Sample 1
Promotion Equity Grant. In addition to any equity awards previously awarded to Executive, on the Effective Date the Executive shall be granted an additional equity award as described below pursuant to and subject to the terms of the Horizon Therapeutics Public Limited Company 2020 Equity Incentive Plan (“2020 Equity Incentive Plan”) and its form of stock option and restricted stock unit award agreements, in the forms provided to Executive concurrently with this Agreement (collectively the “Equity Plan Documents”) and compliance with applicable securities laws. An additional restricted stock unit award of shares of the Company’s common stock equal to One Million Dollars ($1,000,000.00) as calculated using the Company’s average closing share price over the twenty (20) trading days beginning July 6, 2020 and ending July 31, 2020, and consistent with Company’s current practices (the “Additional RSU Award”). Subject to Executive’s continued provision of services to the Company through the applicable vesting dates, the Additional RSU Award shall vest as follows: 1/3rd of the total number of units subject to the RSU Award shall vest on August 3, 2021, 1/3rd of the total number of units subject to the RSU Award shall vest on August 3, 2022, and the final 1/3rd of the total number of units subject to the RSU Award shall vest on August 3, 2023, so that the RSU Award would fully vest on August 3, 2023, subject to Executive’s continued services with the Company through such date.
Sample 1
Promotion Equity Grant. If, at any point during the Contract Period while Xxxxxxx is employed by DDR, Xxxxxxx is appointed to serve as DDR’s CEO, the Board will, within three business days of the date of such appointment, grant to Xxxxxxx a one-time award of 160,000 restricted shares (the “Promotion Grant”). Subject to Sections 7.2(e) and 7.5(e), the Promotion Grant shall vest on the terms set forth in the award agreement applicable thereto, but in any event no more favorably than in 20% annual increments beginning on the date of grant and on each of the first four anniversaries of the date of grant; provided, that the Committee has determined that the terms of the Promotion Grant must provide that if, by the end of the Contract Period, Xxxxxxx and DDR have not entered into a Contract Renewal, then any portion of the Promotion Grant that has not vested pursuant to its terms as of the end of the Contract Period (the “Unvested Promotion Grant”) will not be forfeited by Xxxxxxx, but instead such Unvested Promotion Grant will remain an outstanding award and will continue to vest according to the terms set forth in the award agreement applicable thereto, even if Xxxxxxx is no longer employed by DDR at any time after the end of the Contract Period.
Sample 1
Promotion Equity Grant. On or around the 2022 Amendment Effective Date, Parent shall make a grant of time-based restricted stock units (the “Promotion RSUs”) to Executive with a grant date fair value of $300,000. The Promotion RSUs shall be granted pursuant to the Amended and Restated Parent 2016 Omnibus Incentive Plan (“2016 Plan”) and shall vest in 1/3 increments on each of the third, fourth and fifth anniversaries of the grant date, subject to the terms and conditions of the 2016 Plan and the applicable award agreement.
Sample 1
Promotion Equity Grant. In connection with Executive’s promotion, at its first regularly scheduled meeting after the Amendment Effective Date, subject to Board approval, Executive will be granted, pursuant to Group’s 2021 Incentive Award Plan (the “Equity Plan”), a number of restricted stock units equal to $750,000 divided by the per share fair market value of Group’s common stock as determined by the Board in its sole discretion, which restricted stock units will vest as to one-third (1/3) of the shares of Group common stock initially granted thereby on each anniversary of the Amendment Effective Date, subject to Executive’s continuing employment by the Company through the applicable vesting date. These restricted stock units shall otherwise be subject to the terms of the Equity Plan, the restricted stock unit agreement evidencing the award to be entered into between Executive and Group, and the provisions set forth in the Agreement.” 6. This Amendment shall be and, as of the Amendment Effective Date, is hereby incorporated in and forms a part of the Agreement. 7. Except as expressly provided herein, all terms and conditions of the Agreement shall remain in full force and effect. In the event of any conflict between the original terms of the Agreement and this Amendment, the terms of this Amendment shall prevail. 8. This Amendment shall be governed, construed, interpreted and enforced in accordance with its express terms, and otherwise in accordance with the substantive laws of the State of Colorado, without giving effect to any principles of conflicts of law, whether of the State of Colorado or any other jurisdiction, and where applicable, the laws of the United States, that would result in the application of the laws of any other jurisdiction. (Signature page follows)
Sample 1
Promotion Equity Grant. In connection with the Executive’s promotion to Chief Operating Officer of the Company on the Effective Date, subject to approval by the Company’s Compensation Committee, and as a material inducement to the Executive’s continuing employment with the Company, the Executive will be granted an option (the “Promotion Option”) to purchase 65,000 shares of Common Stock, such Promotion Option to be granted pursuant to and in accordance with the Company’s 2015 Stock Option and Incentive Plan (the “Plan”). The Promotion Option will be granted as of February 7, 2022 (the “Promotion Option Grant Date”). The shares underlying the Promotion Option (the “Promotion Option Shares”) will (i) have an exercise price per share equal to the closing price of the Common Stock on The Nasdaq Global Select Market on the Promotion Option Grant Date. The Promotion Option Shares will vest as follows: 2.0833% of the Promotion Option Shares to vest on the one-month anniversary of the Promotion Option Grant Date, and an additional 2.0833% of the Promotion Option Shares to vest on a monthly basis at the end of each one-month period following the one-month anniversary of the Promotion Option Grant Date until the four-year anniversary of the Promotion Option Grant Date. The Promotion Option will be subject to and governed by the terms and conditions of the Plan and the applicable equity award agreements between the Executive and the Company (collectively, the “Promotion Equity Documents” and the New Hire Equity Documents and Promotion Equity Documents, collectively, the “Equity Documents”).
Sample 1
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Related to Promotion Equity Grant

  • Annual Equity Grant During the first fiscal quarter of each year, or such other time as the Board, in its discretion, may determine, the Employee will receive an annual equity grant with a target value, measured as of the grant date, equal to the percentage of the Employee’s Salary determined by the Board or its designated committee, which for 2021 shall be 80% (the “Annual Equity Grant”). One-half of the Annual Equity Grant is expected to be in the form of restricted stock units or restricted share units with no performance restrictions or metrics associated with them, and which are expected to vest in three equal increments on each of the first, second and third anniversaries of the grant date. The other one-half of the Annual Equity Grant is expected to be in the form of performance shares or performance restricted stock units, which will have Board-determined performance restrictions and metrics associated with them. The determination of how many of those performance shares or performance restricted stock units have been earned will be made by the Board on or about the first anniversary of the grant date, based on the financial performance of the Company during the prior fiscal year, and any performance shares or performance stock units deemed by the Board to be earned are expected to vest in two equal increments on or about each of the second and third anniversaries of the grant date. Notwithstanding any other provision of this Agreement to the contrary, the determination of whether and when to make any Annual Equity Grant to Employee, and the design, nature and amount of any such Annual Equity Grant, shall be determined by the Board in its discretion. All Annual Equity Grants to Employee shall be subject to the terms of the grant agreement between Employer and Employee. In the event of a Change of Control, the Board or its designated committee will determine the manner in which any unvested restricted shares, performance shares, restricted stock units or other unvested equity grants will be treated, with respect to the amount and timing of the vesting of such unvested equity, to the extent that the same is not already addressed in the terms of the applicable grant agreement between the Employer and Employee.

  • Equity Grant Subject to approval by the Board and your execution of the Company’s standard form of Restricted Stock Agreement for executives (the “Restricted Stock Agreement”), you will be eligible to receive shares of the Company’s common stock under the Company’s 2017 Stock Option and Grant Plan (the “Plan”) equaling 15% of the Company’s outstanding common stock on a fully-diluted basis as of the grant date and after giving effect to the grant. If the Company closes Preferred Round on or prior to December 31, 2019 (and provided that you are still employed by the Company at the time of such closing), the Company shall issue you an additional award of restricted shares of Company common stock under the Plan in an amount such that, after giving effect to such additional issuance, you have been granted shares of common stock equal to 15% of the Company’s outstanding common stock on a fully-diluted basis upon closing of (and giving effect to) the Preferred Round. If the Preferred Round closes in multiple tranches (including tranches closed in the future, if initial closings of at least $3,000,000 occur by December, 2019), you will receive an additional award upon the closing of each tranche, in accordance with the foregoing. All shares of Company common stock granted to you shall be subject to repurchase and forfeiture as set forth in Restricted Stock Agreement, which shall provide that, subject to Section 6, the granted shares shall vest as follows: (i) 25% of the granted shares will vest on the three-month anniversary of the Commencement Date and (ii) thereafter, the remaining unvested shares will vest in equal quarterly installments over a three-year period, on the last day of each calendar quarter (i.e., March 31, June 30, September 30 and December 31), commencing on September 30, 2018; provided, that upon a Sale Event (as defined in the Plan) all your then-unvested shares (to the extent not previously forfeited) shall vest. For the avoidance of doubt, the Company and the Board have reviewed and understands and accepts your academic and work experience, as the same has been provided to the Company by you. Accordingly, and assuming the accuracy of your academic and work experience, the definition of “Cause”, as applicable to any termination of your employment by the Company (whether under the Plan, your Restricted Stock Agreement or otherwise) shall not include, and shall not be triggered by, the Company’s or the Board’s assertion or belief that you lack requisite experience for your position. In addition to the foregoing equity grant, you shall be eligible for additional grants of Company common stock or options to acquire Company common stock at such time and on such terms as determined by the Company’s board of directors. ​ You shall also receive pre-emptive rights permitting you to preserve your vested equity position in the Company in the event of any additional issuances of Company common stock (or securities convertible into common stock), at a per-share price equal to then current fair market value, as reasonably determined by the Board in good faith. ​

  • Initial Equity Grant No later than 45 days following the Commencement Date, the Company shall take such actions as shall be necessary to grant you the right to purchase (the “Stock Purchase Right”) the number of shares of the Company’s common stock (the “Common Stock”) equal to six percent (6%) of the Company’s outstanding capital stock as of the Commencement Date, calculated based on the Fully Diluted Capitalization of the Company (as defined in the next sentence) at a per-share purchase price equal to the per-share fair market value of the underlying shares on the date of grant, as determined reasonably by the Board in good faith. For the purposes of this Agreement, “Fully Diluted Capitalization” includes all outstanding shares of capital stock plus all shares subject to issuance under outstanding options or warrants plus all shares of capital stock reserved for future issuance under the Company’s 2007 Stock Incentive Plan (the “Plan”) that are not subject to outstanding options or other equity awards plus, to the extent not already included in the foregoing, all shares purchased by you, or subject to your right to purchase, pursuant to this Section 3(d) and Section 3(f). The Stock Purchase Right will be granted under the Plan. Any shares of Common Stock purchased upon exercise of the Stock Purchase Right (the “Restricted Stock”) shall be subject to a right of repurchase in favor of the Company at the original purchase price thereof (the “Right of Repurchase”). The Restricted Stock shall vest, and the Right of Repurchase lapse, with respect to thirty-three and one-third percent (33 1/3%) of the total shares of Restricted Stock on the first anniversary of the Commencement Date and with respect to 1/36th of such shares of Restricted Stock on each monthly anniversary of the Commencement Date thereafter so that the Restricted Stock shall be fully vested and the Right of Repurchase fully lapsed on the third anniversary of the Commencement Date, in each case, subject to your continued service to the Company hereunder except as otherwise provided herein. You will be permitted to purchase the shares of Restricted Stock using a full recourse promissory note, equal to the value of the entire purchase, in a form attached hereto as Exhibit A, to the Company bearing an interest rate equal to the Applicable Federal Rate. The Restricted Stock shall be subject to the terms of the Plan and a restricted stock purchase agreement (the “Restricted Stock Purchase Agreement”) in the form attached hereto as Exhibit B to be entered into between you and the Company.

  • Annual Equity Award With respect to each Company fiscal year commencing during the Term, the Executive shall be eligible to receive an annual equity compensation award (each such award, an “Annual Equity Award”). The form and terms and conditions of each Annual Equity Award shall be determined by the Board (or the Compensation Committee of the Board) in its discretion and shall be set forth in one or more written award agreements between the Company and the Executive.

  • Restricted Stock Unit Grant In consideration of the Executive’s entering into this Agreement and as an inducement to remain with the Company, the Executive shall be granted promptly following the Commencement Date, under the Stock Plan, an award of 14,063 restricted stock units to be settled in shares of the common stock of ART (the “Restricted Stock Units”), subject to the approval of the Compensation Committee of the Board of Directors of ART. Such award shall be governed by the Stock Plan and a restricted stock unit award agreement between the Executive and ART. Subject to terms of the Stock Plan and the award agreement for the Restricted Stock Units, the Restricted Stock Units shall vest in equal one-third (1/3) installments on the second, third and fourth anniversaries of the date of grant of such award, subject to the Executive’s continuous employment with the Company from the date of grant of such award through such vesting dates, except as otherwise provided in Section 7(b).

  • Vesting of Equity Awards Notwithstanding the provisions of any plan or agreement governing such an Award (as defined in Section 4(c)), all Awards granted to you that remain outstanding and unvested immediately prior to the occurrence of a Change in Control (as defined in Section 4(d)(i)) automatically shall vest in full upon the occurrence of the Change in Control.

  • Performance Share Units The Committee may, in its discretion, grant to Executive performance share units subject to performance vesting conditions (collectively, the “Performance Units”), which shall be subject to restrictions on their sale as set forth in the Plan and an associated Performance Unit Grant Letter.

  • Annual Equity Awards Following the first anniversary of the Effective Date, Executive will be granted annual equity awards in an amount determined by the Board. Such awards may be in the form of options, restricted stock units, performance shares, or any other form as approved by the Board.

  • Performance Share Awards On the Performance Share Vesting Date next following the Executive's date of death, the number of Performance Shares that shall become Vested Performance Shares shall be determined by multiplying (a) that number of shares of Company Common Stock subject to the Performance Share Agreement that would have become Vested Performance Shares had no such termination occurred; provided, however, in no case shall the number of Performance Shares that become Vested Performance Shares exceed 100% of the Target Number of Performance Shares set forth in the Performance Share Agreement, by (b) the ratio of the number of full months of the Executive's employment with the Company during the Performance Period (as defined in the Performance Share Agreement) to the number of full months contained in the Performance Period. Vested Common Shares shall be issued in settlement of such Vested Performance Shares on the Settlement Date next following the Executive’s date of death.

  • Performance Share Award If your Award includes a Performance Share Award, and you voluntarily terminate your employment prior to the end of the Performance Period, you will forfeit your entire Performance Share Award. 

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